Legal Question in Real Estate Law in Virginia
rent with option
if you start renting with option to buy does the purchase price first agreed upon stay the same if you rent for several years and property value goes up?
Asked on 6/15/07, 7:54 am
1 Answer from Attorneys
Robert Strupp
Robert J. Strupp,Attorney at Law, PLC
Re: rent with option
This depends on the agreement. Often, the rent with option is for a pre-determined price and is valid for a pre-determined period of time.
Answered on 6/15/07, 8:12 am